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SBI Clerk 2020 English Test - 21
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SBI Clerk 2020 English Test - 21
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  • Question 1/10
    1 / -0

    Directions For Questions

    In a passage given below there are five blanks,  Every blank has four alternative words given in options (A), (B), (C) and (D). You have to tell which pair of word will best suit to the respective blank.

    Planning your finances can be akin to negotiating a minefield, of money myths. The rot of misinformation run so deep that even some personal finance professionals spout fallacies without realising how wrong they are.
    There are few __(1)___ about money that if ignored, can jeopardise your finances.

    A common trait among many finance professionals is to recommend paying off of long duration loans quickly to save on interest costs. While on the face of it the logic appears sound, the ___(2)__lies in not considering the time value of money. What the financial advisers are doing is equating the interest saved now with interest saved after say a decade.

    The ___(3)__of such advice is people continue to service high-cost short-term loans like personal loans while prepaying low-cost long duration loans like housing loans. Instead of paying long duration loans ___(4)___, borrowers must compare the net cost of borrowing— after considering taxes— and repay the most expensive loans.

    Another, false information which is given by the professionals is ‘Risk is not for the middle class’. This myth warns the middle class to avoid risk at all cost. However, ___(5)___risk now can have serious repercussions in future. This is because this income group has limited resources and will not be able to meet goals by relying on low risk and low yielding debt products alone. In other words, investors from this group must park a part of their portfolio in growth assets like equities that can generate higher returns.

    While all finance professionals say SIPs average out investments and thereby reduce risk, some ____(6)___and try to project SIPs as the weapon to eliminate (purge)risk altogether. SIPs will never able to eliminate risk because it is just a tool and not a product. Though SIPs can be done for any asset class like equity, debt, gold, etc., most investors use it for equity funds.

    We tend to avoid seemingly ___(7)____ tasks and budgeting is one of them. Not creating a budget because you can’t make a detailed one is foolish. There is nothing to stop you from creating a family budget with broad guidelines.

    Budgeting doesn’t mean that you have to write down everything. Treat budgeting as a broad framework and split the outflows into three buckets—expenses, repayments and savings.

    ...view full instructions


    Choose the appropriate word for the filler (1) from the below option.

    Solutions

    The meaning of “misapprehension” is “A mistaken belief about or interpretation of something” hence both “misapprehensions and fallacies” are correct.

     

  • Question 2/10
    1 / -0

    Directions For Questions

    In a passage given below there are five blanks,  Every blank has four alternative words given in options (A), (B), (C) and (D). You have to tell which pair of word will best suit to the respective blank.

    Planning your finances can be akin to negotiating a minefield, of money myths. The rot of misinformation run so deep that even some personal finance professionals spout fallacies without realising how wrong they are.
    There are few __(1)___ about money that if ignored, can jeopardise your finances.

    A common trait among many finance professionals is to recommend paying off of long duration loans quickly to save on interest costs. While on the face of it the logic appears sound, the ___(2)__lies in not considering the time value of money. What the financial advisers are doing is equating the interest saved now with interest saved after say a decade.

    The ___(3)__of such advice is people continue to service high-cost short-term loans like personal loans while prepaying low-cost long duration loans like housing loans. Instead of paying long duration loans ___(4)___, borrowers must compare the net cost of borrowing— after considering taxes— and repay the most expensive loans.

    Another, false information which is given by the professionals is ‘Risk is not for the middle class’. This myth warns the middle class to avoid risk at all cost. However, ___(5)___risk now can have serious repercussions in future. This is because this income group has limited resources and will not be able to meet goals by relying on low risk and low yielding debt products alone. In other words, investors from this group must park a part of their portfolio in growth assets like equities that can generate higher returns.

    While all finance professionals say SIPs average out investments and thereby reduce risk, some ____(6)___and try to project SIPs as the weapon to eliminate (purge)risk altogether. SIPs will never able to eliminate risk because it is just a tool and not a product. Though SIPs can be done for any asset class like equity, debt, gold, etc., most investors use it for equity funds.

    We tend to avoid seemingly ___(7)____ tasks and budgeting is one of them. Not creating a budget because you can’t make a detailed one is foolish. There is nothing to stop you from creating a family budget with broad guidelines.

    Budgeting doesn’t mean that you have to write down everything. Treat budgeting as a broad framework and split the outflows into three buckets—expenses, repayments and savings.

    ...view full instructions


    Choose the appropriate word for the filler (2) from the below option.

    Solutions

    The meaning of “folly” is “Lack of good sense; foolishness” hence both “folly andidiocy” are correct.

     

  • Question 3/10
    1 / -0

    Directions For Questions

    In a passage given below there are five blanks,  Every blank has four alternative words given in options (A), (B), (C) and (D). You have to tell which pair of word will best suit to the respective blank.

    Planning your finances can be akin to negotiating a minefield, of money myths. The rot of misinformation run so deep that even some personal finance professionals spout fallacies without realising how wrong they are.
    There are few __(1)___ about money that if ignored, can jeopardise your finances.

    A common trait among many finance professionals is to recommend paying off of long duration loans quickly to save on interest costs. While on the face of it the logic appears sound, the ___(2)__lies in not considering the time value of money. What the financial advisers are doing is equating the interest saved now with interest saved after say a decade.

    The ___(3)__of such advice is people continue to service high-cost short-term loans like personal loans while prepaying low-cost long duration loans like housing loans. Instead of paying long duration loans ___(4)___, borrowers must compare the net cost of borrowing— after considering taxes— and repay the most expensive loans.

    Another, false information which is given by the professionals is ‘Risk is not for the middle class’. This myth warns the middle class to avoid risk at all cost. However, ___(5)___risk now can have serious repercussions in future. This is because this income group has limited resources and will not be able to meet goals by relying on low risk and low yielding debt products alone. In other words, investors from this group must park a part of their portfolio in growth assets like equities that can generate higher returns.

    While all finance professionals say SIPs average out investments and thereby reduce risk, some ____(6)___and try to project SIPs as the weapon to eliminate (purge)risk altogether. SIPs will never able to eliminate risk because it is just a tool and not a product. Though SIPs can be done for any asset class like equity, debt, gold, etc., most investors use it for equity funds.

    We tend to avoid seemingly ___(7)____ tasks and budgeting is one of them. Not creating a budget because you can’t make a detailed one is foolish. There is nothing to stop you from creating a family budget with broad guidelines.

    Budgeting doesn’t mean that you have to write down everything. Treat budgeting as a broad framework and split the outflows into three buckets—expenses, repayments and savings.

    ...view full instructions


    Choose the appropriate word for the filler (3) from the below option.

    Solutions

    The meaning of “fallout” is “A direct or natural consequence or result” hence both “fallout andcorollary” are correct.

     

  • Question 4/10
    1 / -0

    Directions For Questions

    In a passage given below there are five blanks,  Every blank has four alternative words given in options (A), (B), (C) and (D). You have to tell which pair of word will best suit to the respective blank.

    Planning your finances can be akin to negotiating a minefield, of money myths. The rot of misinformation run so deep that even some personal finance professionals spout fallacies without realising how wrong they are.
    There are few __(1)___ about money that if ignored, can jeopardise your finances.

    A common trait among many finance professionals is to recommend paying off of long duration loans quickly to save on interest costs. While on the face of it the logic appears sound, the ___(2)__lies in not considering the time value of money. What the financial advisers are doing is equating the interest saved now with interest saved after say a decade.

    The ___(3)__of such advice is people continue to service high-cost short-term loans like personal loans while prepaying low-cost long duration loans like housing loans. Instead of paying long duration loans ___(4)___, borrowers must compare the net cost of borrowing— after considering taxes— and repay the most expensive loans.

    Another, false information which is given by the professionals is ‘Risk is not for the middle class’. This myth warns the middle class to avoid risk at all cost. However, ___(5)___risk now can have serious repercussions in future. This is because this income group has limited resources and will not be able to meet goals by relying on low risk and low yielding debt products alone. In other words, investors from this group must park a part of their portfolio in growth assets like equities that can generate higher returns.

    While all finance professionals say SIPs average out investments and thereby reduce risk, some ____(6)___and try to project SIPs as the weapon to eliminate (purge)risk altogether. SIPs will never able to eliminate risk because it is just a tool and not a product. Though SIPs can be done for any asset class like equity, debt, gold, etc., most investors use it for equity funds.

    We tend to avoid seemingly ___(7)____ tasks and budgeting is one of them. Not creating a budget because you can’t make a detailed one is foolish. There is nothing to stop you from creating a family budget with broad guidelines.

    Budgeting doesn’t mean that you have to write down everything. Treat budgeting as a broad framework and split the outflows into three buckets—expenses, repayments and savings.

    ...view full instructions


    Choose the appropriate word for the filler (4) from the below option.

    Solutions

    The meaning of “impetuous” is “acting or done quickly and without thought or care” hence both “impetuously andimpulsively” are correct.C

     

  • Question 5/10
    1 / -0

    Directions For Questions

    In a passage given below there are five blanks,  Every blank has four alternative words given in options (A), (B), (C) and (D). You have to tell which pair of word will best suit to the respective blank.

    Planning your finances can be akin to negotiating a minefield, of money myths. The rot of misinformation run so deep that even some personal finance professionals spout fallacies without realising how wrong they are.
    There are few __(1)___ about money that if ignored, can jeopardise your finances.

    A common trait among many finance professionals is to recommend paying off of long duration loans quickly to save on interest costs. While on the face of it the logic appears sound, the ___(2)__lies in not considering the time value of money. What the financial advisers are doing is equating the interest saved now with interest saved after say a decade.

    The ___(3)__of such advice is people continue to service high-cost short-term loans like personal loans while prepaying low-cost long duration loans like housing loans. Instead of paying long duration loans ___(4)___, borrowers must compare the net cost of borrowing— after considering taxes— and repay the most expensive loans.

    Another, false information which is given by the professionals is ‘Risk is not for the middle class’. This myth warns the middle class to avoid risk at all cost. However, ___(5)___risk now can have serious repercussions in future. This is because this income group has limited resources and will not be able to meet goals by relying on low risk and low yielding debt products alone. In other words, investors from this group must park a part of their portfolio in growth assets like equities that can generate higher returns.

    While all finance professionals say SIPs average out investments and thereby reduce risk, some ____(6)___and try to project SIPs as the weapon to eliminate (purge)risk altogether. SIPs will never able to eliminate risk because it is just a tool and not a product. Though SIPs can be done for any asset class like equity, debt, gold, etc., most investors use it for equity funds.

    We tend to avoid seemingly ___(7)____ tasks and budgeting is one of them. Not creating a budget because you can’t make a detailed one is foolish. There is nothing to stop you from creating a family budget with broad guidelines.

    Budgeting doesn’t mean that you have to write down everything. Treat budgeting as a broad framework and split the outflows into three buckets—expenses, repayments and savings.

    ...view full instructions


    Choose the appropriate word for the filler (5) from the below option.

    Solutions

    The meaning of “shun” is “Persistently avoid, ignore, or reject (someone or something) through antipathy or caution” hence both “shunning and eschewing” are correct.

     

  • Question 6/10
    1 / -0

    Directions For Questions

    In a passage given below there are five blanks,  Every blank has four alternative words given in options (A), (B), (C) and (D). You have to tell which pair of word will best suit to the respective blank.

    Planning your finances can be akin to negotiating a minefield, of money myths. The rot of misinformation run so deep that even some personal finance professionals spout fallacies without realising how wrong they are.
    There are few __(1)___ about money that if ignored, can jeopardise your finances.

    A common trait among many finance professionals is to recommend paying off of long duration loans quickly to save on interest costs. While on the face of it the logic appears sound, the ___(2)__lies in not considering the time value of money. What the financial advisers are doing is equating the interest saved now with interest saved after say a decade.

    The ___(3)__of such advice is people continue to service high-cost short-term loans like personal loans while prepaying low-cost long duration loans like housing loans. Instead of paying long duration loans ___(4)___, borrowers must compare the net cost of borrowing— after considering taxes— and repay the most expensive loans.

    Another, false information which is given by the professionals is ‘Risk is not for the middle class’. This myth warns the middle class to avoid risk at all cost. However, ___(5)___risk now can have serious repercussions in future. This is because this income group has limited resources and will not be able to meet goals by relying on low risk and low yielding debt products alone. In other words, investors from this group must park a part of their portfolio in growth assets like equities that can generate higher returns.

    While all finance professionals say SIPs average out investments and thereby reduce risk, some ____(6)___and try to project SIPs as the weapon to eliminate (purge)risk altogether. SIPs will never able to eliminate risk because it is just a tool and not a product. Though SIPs can be done for any asset class like equity, debt, gold, etc., most investors use it for equity funds.

    We tend to avoid seemingly ___(7)____ tasks and budgeting is one of them. Not creating a budget because you can’t make a detailed one is foolish. There is nothing to stop you from creating a family budget with broad guidelines.

    Budgeting doesn’t mean that you have to write down everything. Treat budgeting as a broad framework and split the outflows into three buckets—expenses, repayments and savings.

    ...view full instructions


    Choose the appropriate word for the filler (6) from the below option.

    Solutions

    The meaning of “go overboard” is “be very enthusiastic” hence both “go overboard and exaggerate” are correct.

     

  • Question 7/10
    1 / -0

    Directions For Questions

    In a passage given below there are five blanks,  Every blank has four alternative words given in options (A), (B), (C) and (D). You have to tell which pair of word will best suit to the respective blank.

    Planning your finances can be akin to negotiating a minefield, of money myths. The rot of misinformation run so deep that even some personal finance professionals spout fallacies without realising how wrong they are.
    There are few __(1)___ about money that if ignored, can jeopardise your finances.

    A common trait among many finance professionals is to recommend paying off of long duration loans quickly to save on interest costs. While on the face of it the logic appears sound, the ___(2)__lies in not considering the time value of money. What the financial advisers are doing is equating the interest saved now with interest saved after say a decade.

    The ___(3)__of such advice is people continue to service high-cost short-term loans like personal loans while prepaying low-cost long duration loans like housing loans. Instead of paying long duration loans ___(4)___, borrowers must compare the net cost of borrowing— after considering taxes— and repay the most expensive loans.

    Another, false information which is given by the professionals is ‘Risk is not for the middle class’. This myth warns the middle class to avoid risk at all cost. However, ___(5)___risk now can have serious repercussions in future. This is because this income group has limited resources and will not be able to meet goals by relying on low risk and low yielding debt products alone. In other words, investors from this group must park a part of their portfolio in growth assets like equities that can generate higher returns.

    While all finance professionals say SIPs average out investments and thereby reduce risk, some ____(6)___and try to project SIPs as the weapon to eliminate (purge)risk altogether. SIPs will never able to eliminate risk because it is just a tool and not a product. Though SIPs can be done for any asset class like equity, debt, gold, etc., most investors use it for equity funds.

    We tend to avoid seemingly ___(7)____ tasks and budgeting is one of them. Not creating a budget because you can’t make a detailed one is foolish. There is nothing to stop you from creating a family budget with broad guidelines.

    Budgeting doesn’t mean that you have to write down everything. Treat budgeting as a broad framework and split the outflows into three buckets—expenses, repayments and savings.

    ...view full instructions


    Choose the appropriate word for the filler (7) from the below option.

    Solutions

    The meaning of “labyrinthine” is “used to describe something that has a lot of parts and is therefore confusing” hence both “labyrinthine and convoluted” are correct.

     

  • Question 8/10
    1 / -0

    Directions For Questions

    Read the given passage and answer the following questions based on the passage.

    Leaving behind the fast changing metropolitan cities behind, three smaller cities in South India have secured a place in the list of world’s fastest-growing urban areas in the Economist Intelligence Unit (EIU) survey released on Friday.

    According to the survey report, Malappuram, Kozhikode and Kollam are the only Indian cities enlisted in the top 10 of the world’s fastest-growing cities.

    This is when there is a preconceived notion that the maximum growth in India has been taking place in the Metropolitan cities such as national capital New Delhi along with others such as Mumbai, Kolkata, Bengaluru and etc.

    Economists reacting to the announcement hold that India is changing in all aspects and business and growth opportunities are also coming up in smaller cities. With overall changes, movement of people across the country has increased and due this there are enhanced investments made in all cities not only in metros. Without investment no city can develop and investment can be increased from the movement of the people outside their boundaries and areas, with business mind.

    Other cities from India making to the list are Thrissur in Kerala at 13th rank, Surat in Gujarat at 26, and Tirupur in Tamil Nadu is at 30 the position.

    “Good to see that the fastest growing in India are not the monster metropolises, Mumbai, Delhi, Kolkata etc. When smaller towns & cities grow it signals that wider distribution of wealth & job opportunities are underway.

    India is also witnessing rapid urbanisation. With government schemes in health, education and other areas, government is also pooling in more investments in small and medium scale enterprises.

    Top heavy urbanisation is fundamental problem of Indian urban landscape. Not only population but other basic facilities, including health are concentrated in metros and class one towns," said PritamDatta Fellow at The National Institute of Public Finance and Policy (NIPFP).

    “When it comes to healthcare, not only corporate hospitals, but also informal health providers are highly concentrated in metro and top class towns. Development of infrastructure is the only solution," said Datta.

    Gradually, the infrastructural development though is also picking up pace in various other cities apart from metropolitan cities.

    Currently there are over 60 urban agglomerations in India with a population of 1 million or more against 35 in 2001. About 43 percent of the urban population of India lives in these cities. And with urban India, expected to contribute nearly three-fourths of GDP by 2020, these counter magnetic cities will help kick start an economic regeneration and thus, help create thousands of jobs and propel economic growth,"saidAshwajit Singh, Managing director, IPE Global, an international development consulting organisation.

    The government should also consider giving priority to developing cities when allocating funding for development of land, housing and infrastructure," he added.

    ...view full instructions


    According to the passage, what is the indispensable factor for the growth of the smaller cities?

    Solutions

    It has been specified in the passage that India is changing in all aspects and business and growth opportunities are also coming up in smaller cities. With overall changes, movement of people across the country has increased for business ventures and investments which are essential for the growth of smaller cities.

     

  • Question 9/10
    1 / -0

    Directions For Questions

    Read the given passage and answer the following questions based on the passage.

    Leaving behind the fast changing metropolitan cities behind, three smaller cities in South India have secured a place in the list of world’s fastest-growing urban areas in the Economist Intelligence Unit (EIU) survey released on Friday.

    According to the survey report, Malappuram, Kozhikode and Kollam are the only Indian cities enlisted in the top 10 of the world’s fastest-growing cities.

    This is when there is a preconceived notion that the maximum growth in India has been taking place in the Metropolitan cities such as national capital New Delhi along with others such as Mumbai, Kolkata, Bengaluru and etc.

    Economists reacting to the announcement hold that India is changing in all aspects and business and growth opportunities are also coming up in smaller cities. With overall changes, movement of people across the country has increased and due this there are enhanced investments made in all cities not only in metros. Without investment no city can develop and investment can be increased from the movement of the people outside their boundaries and areas, with business mind.

    Other cities from India making to the list are Thrissur in Kerala at 13th rank, Surat in Gujarat at 26, and Tirupur in Tamil Nadu is at 30 the position.

    “Good to see that the fastest growing in India are not the monster metropolises, Mumbai, Delhi, Kolkata etc. When smaller towns & cities grow it signals that wider distribution of wealth & job opportunities are underway.

    India is also witnessing rapid urbanisation. With government schemes in health, education and other areas, government is also pooling in more investments in small and medium scale enterprises.

    Top heavy urbanisation is fundamental problem of Indian urban landscape. Not only population but other basic facilities, including health are concentrated in metros and class one towns," said PritamDatta Fellow at The National Institute of Public Finance and Policy (NIPFP).

    “When it comes to healthcare, not only corporate hospitals, but also informal health providers are highly concentrated in metro and top class towns. Development of infrastructure is the only solution," said Datta.

    Gradually, the infrastructural development though is also picking up pace in various other cities apart from metropolitan cities.

    Currently there are over 60 urban agglomerations in India with a population of 1 million or more against 35 in 2001. About 43 percent of the urban population of India lives in these cities. And with urban India, expected to contribute nearly three-fourths of GDP by 2020, these counter magnetic cities will help kick start an economic regeneration and thus, help create thousands of jobs and propel economic growth,"saidAshwajit Singh, Managing director, IPE Global, an international development consulting organisation.

    The government should also consider giving priority to developing cities when allocating funding for development of land, housing and infrastructure," he added.

    ...view full instructions


    Which of the following statements is true in the context of the passage?

    Solutions

    It is given in the passage that when it comes to healthcare, not only corporate hospitals, but also informal health providers are highly concentrated in metro and top class towns

     

  • Question 10/10
    1 / -0

    Directions For Questions

    Read the given passage and answer the following questions based on the passage.

    Leaving behind the fast changing metropolitan cities behind, three smaller cities in South India have secured a place in the list of world’s fastest-growing urban areas in the Economist Intelligence Unit (EIU) survey released on Friday.

    According to the survey report, Malappuram, Kozhikode and Kollam are the only Indian cities enlisted in the top 10 of the world’s fastest-growing cities.

    This is when there is a preconceived notion that the maximum growth in India has been taking place in the Metropolitan cities such as national capital New Delhi along with others such as Mumbai, Kolkata, Bengaluru and etc.

    Economists reacting to the announcement hold that India is changing in all aspects and business and growth opportunities are also coming up in smaller cities. With overall changes, movement of people across the country has increased and due this there are enhanced investments made in all cities not only in metros. Without investment no city can develop and investment can be increased from the movement of the people outside their boundaries and areas, with business mind.

    Other cities from India making to the list are Thrissur in Kerala at 13th rank, Surat in Gujarat at 26, and Tirupur in Tamil Nadu is at 30 the position.

    “Good to see that the fastest growing in India are not the monster metropolises, Mumbai, Delhi, Kolkata etc. When smaller towns & cities grow it signals that wider distribution of wealth & job opportunities are underway.

    India is also witnessing rapid urbanisation. With government schemes in health, education and other areas, government is also pooling in more investments in small and medium scale enterprises.

    Top heavy urbanisation is fundamental problem of Indian urban landscape. Not only population but other basic facilities, including health are concentrated in metros and class one towns," said PritamDatta Fellow at The National Institute of Public Finance and Policy (NIPFP).

    “When it comes to healthcare, not only corporate hospitals, but also informal health providers are highly concentrated in metro and top class towns. Development of infrastructure is the only solution," said Datta.

    Gradually, the infrastructural development though is also picking up pace in various other cities apart from metropolitan cities.

    Currently there are over 60 urban agglomerations in India with a population of 1 million or more against 35 in 2001. About 43 percent of the urban population of India lives in these cities. And with urban India, expected to contribute nearly three-fourths of GDP by 2020, these counter magnetic cities will help kick start an economic regeneration and thus, help create thousands of jobs and propel economic growth,"saidAshwajit Singh, Managing director, IPE Global, an international development consulting organisation.

    The government should also consider giving priority to developing cities when allocating funding for development of land, housing and infrastructure," he added.

    ...view full instructions


    Which of the following is the most opposite in the meaning to the given word “monster”?

    Solutions

    The meaning of “monster” is “a thing of extraordinary or daunting size” and its opposite is “miniature / midget”.

     

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